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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (7192)12/9/2002 9:35:59 AM
From: J. P.Read Replies (2) of 306849
 
I believe there is tremendous inflation and it has all been swept into real estate. I believe this inflation was created on purpose (by the government via FNM and agressive easing) to flood the consumer markets with easy money in order to buoy the economy during a period of extreme business overcapacity and slack demand.

How else would say, a teacher making 50K a year who bought a house 5 years ago, get 100K pocket money to buy furniture, refrigerator, a trip, a car? Normally it would take that individual a lifetime to save that amount from their paycheck.
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